GOLD Primary cycles
Primary trend is to continue towards the 2014 lows & next long term BUY zone.
But monthly cycles are projecting further gains towards the 2014 50% levels, which is seen as resistance. (previous Monthly Report)
Text Book patterns occurring in the Primary cycles, as the retest of the 2014 Yearly 50% level has formed resistance.
My view is that the trend will continue down into the 2014 lows...
April 50% level may support the price of Gold for the next few weeks, but keep an eye on the MAY 50% level for further weakness if trading below it.
Silver Primary Cycles
1st Quarter resistance @ 22.058,
with a long-term trend towards the 2014 lows, as part of the Primary Cycle & Dilernia Principle of Break & Extend.